Morgan & Morgan Announces That Securities Class Action Lawsuits Have Been
Filed Against Francesca's Holdings Corporation -- FRAN
NEW YORK, Nov. 11, 2013 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that
class actions have been filed in the United States District Court for the
Southern District of New York on behalf of purchasers of Francesca's Holdings
Corporation ("Francesca's Holdings") (Nasdaq:FRAN) common stock during the
period between January 10, 2012 and September 3, 2013 (the "Class Period").
If you purchased Francesca's Holdings during the Class Period, you may, no
later than November 26, 2013, request that the Court appoint you lead
plaintiff of the proposed class. A lead plaintiff is a representative party
that acts on behalf of other class members in directing the litigation. Any
member of the purported class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and remain an
absent class member.
If you purchased Francesca's Holdings and want more information about the
Francesca's Holdings Securities Class Action please contact George Pressly,
Esq. at 1 (800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
The complaints charge Francesca's Holdings and certain of its executives with
violations of the federal securities laws. The complaints allege that during
the class period Francesca's Holdings and certain of its executives issued a
series of materially false and misleading statements during the Class Period,
specifically the complaints allege that the Company concealed from its
shareholders the following: (i) spring and summer weather and a competitive
back-to-school retail environment hurt same-store sales growth; (ii)
same-store sales were declining; and (iii) the Company was not on track to
achieve the financial results defendants had led the market to expect.
On September 4, 2013, following the announcement of dismal second quarter 2013
financial results and third quarter 2013 guidance, shares of Francesca's
Holdings fell nearly 26 percent to close at $17.79.
About Morgan & Morgan
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CONTACT: Morgan & Morgan
Peter Safirstein, Esq.
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Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com